Working capital policy

Would you like to obtain working capital for your export finance transaction without burdening your regular lines of credit with your bank?

Our insurance for working capital financing offers you a solution.




Prefunding, capital financing solution for exporters




Risks covered

Insurance for working capital financing protects the financial institution which granted you an extra working capital facility for your export transaction. It insures your financier against the risk that you will not pay amounts owed on the facility for principal, interest and/or late payment interest. Cover is provided for the duration of the manufacturing or completion period as, upon delivery of the goods or completion of the work, you are to receive payment (either in cash or through refinancing) from your client and then repay the working capital facility. If you default on your working capital facility, we will indemnify your financier after a three-month waiting period.

Risk Analysis

Insurance for working capital financing often comes into the picture when your current lines of credit are insufficient for your working capital needs for your export transaction. The purpose of working capital financing cover is therefore to create financial headroom, thereby enabling you to conclude more export transactions.

Atradius will assess the creditworthiness of your organisation. In general, our exposure for a single transaction may not exceed your organisation’s equity, and our total exposure for all the transactions we have insured for you may not exceed three times your organisation’s equity.

When deciding whether to underwrite a transaction, we will also determine whether additional security will be required, such as a pledge on the goods being manufactured and the related inventories. If the continuity of your organisation would be at risk if your client should default, Atradius will be able to provide insurance for working capital financing only in combination with its exporter’s insurance policy.

Deductible/own risk

The financier providing the working capital facility will bear 20%-50% of the risk.


Atradius will base the premium on market interest rates and your company’s credit rating. The financial institution providing your working capital facility will be responsible for paying the premium. It may choose to do so in advance or on your working capital facility interest payment dates.

Financing in Foreign Currency

It is possible to take out insurance for a loan in other currencies than the euro. For stable, hard currencies (such as the US dollar, British pound or Japanese yen) the premium and any indemnification will be denominated in the currency concerned. In many cases we can also insure loans in other currencies. In such cases, the counter value of the premium and any indemnification will be calculated and payable in euros. When we insure loans denominated in a foreign currency, we will pay any indemnity at the relevant exchange rate up to a maximum rate. The cap rate is usually very high and therefore most of your exchange rate risk will be covered.

Foreign Banks

Our buyer credit insurance is available for Dutch and foreign banks. Banks established in non-OECD countries may be eligible for buyer credit insurance after their reputation has been checked.


Atradius does not take documentation risk. This means that we do not examine the loan and security documentation when underwriting a transaction. You will be asked to provide key details of the loan on the application form. In our insurance policy we will stipulate any conditions which we require you to include in the loan documentation.

Anti-bribery declaration and anti-bribery policy

In the Netherlands, all forms of bribery are prohibited and punishable by law. The Dutch State and Atradius DSB do not under any circumstances wish to become involved in transactions involving bribery. It is therefore important that we want to ensure as far as possible that eca-covered transactions are free of bribery. We will therefore ask you to sign an anti-bribery statement at the time we issue a policy to you. You can view a sample of such a statement under downloads.

Atradius DSB and the state have jointly drafted an anti-bribery policy. You can download the document below.

Exclusion list eci

In the Exclusion list export credit insurance (eci), available below, you can find which activities are excluded from insurance by Atradius DSB. As per January 1st 2023 there are new limitations in place for fossil fuel-related transactions resulting from the implementation of the COP26-declaration.

Questions or advice?

Please contact an Atradius Dutch State Business advisor via +31 (0) 020 553 26 93 or

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